NetEase May Buy Companies

?If an acquisition can help the development of our search business, then why not go for it,? NetEase Chief Executive Officer William Ding said on a conference call Thursday.

NetEase?s Youdao search service now accounts for 0.4 percent of the local search-engine market, according to researcher Analysys International.

NetEase, trailing Tencent Holdings Ltd. and Shanda Games Ltd. in China?s $3.95 billion online games market, Wednesday reported first-quarter profit rose 8.5 percent to 452.3 million yuan ($66.2 million), from 416.7 million yuan a year earlier.

Revenue from online games rose 50 percent to 1.09 billion yuan in the quarter, NetEase said. Sales of online advertising more than doubled to 91.5 million yuan.

Profitability declined last quarter as NetEase incurred higher marketing expenses and royalty fees for its ?World of Warcraft? role-playing game, licensed from Activision Blizzard Inc. Gross profit margin for the online games division narrowed to 72.1 percent in the first quarter, declining from 90 percent a year earlier.

NetEase may consider a share buyback if the price is right, Ding said Thursday. The company?s cash holdings increased to 7.7 billion yuan at the end of March, compared with 7 billion yuan three months earlier, it said.

Source : Konaxis

0 comments

Add your comment

Commenting is allowed only for registered users.

Other articlesgo to homepage

3 great strategies on the Social Medias in China

3 great strategies on the Social Medias in ChinaComments Off

Today there is more than 600 million internet users in China, and they all use the social Medias, every time. It’s essential to be present in the social media when doing business in China. Here are three great strategies on the social Medias in China. 1.      Using O2O O2O is a digital marketing strategy that

Shanda Games Sales May Fall

Shanda Games Sales May Fall(0)

Shanda Games Ltd., China?s second- biggest operator of online games, said sales may fall for a second straight quarter as the company struggles to boost demand for some of its titles, reported Thursday’s Bloomberg.

NetEase Second-Quarter Profit Rises 3.8%

NetEase Second-Quarter Profit Rises 3.8%(0)

NetEase.com Inc., China?s third-biggest online games provider, said second-quarter profit rose 3.8 percent after the company added players by introducing new titles and upgrades, reported Wednesday’s Bloomberg.

China Clamps Online Gaming Market

China Clamps Online Gaming Market(0)

Web users in China will have to register their names before playing games online as part of the nation’s first official set of rules governing the booming market, reported Wednesday?s China Daily.

China May Inflation Rises

China May Inflation Rises(0)

China’s inflation rose in May amid signs its rebound from the global slump is slowing, adding to pressure on Beijing to keep growth on track and control politically sensitive prices, reported Friday?s AP.

read more

Contacts and information

Social networks

Most popular categories

Real Time Analytics